Opinion: Trump tests the new limits of presidential power in the United States through Meme coins, extending power to unimaginable levels

ChainCatcher news, foreign media AXIOS reported that recently Trump tested the new limits of presidential power by launching a meme coin "TRUMP," which made him a cryptocurrency billionaire just two days before his inauguration. Cryptocurrency insiders are concerned that TRUMP and the hastily launched MELANIA meme coin could undermine the credibility that this scam-ridden industry has worked hard to establish over the years.

It is worth noting that Trump was once skeptical of cryptocurrencies until his shift during the 2024 campaign. Most Americans are unaware that the U.S. president has virtually no restrictions on profiting from new ventures or business deals using their power. Due to Supreme Court rulings, if a president is accused of exceeding any legal boundaries, they also enjoy immunity for "official actions."

Analysis suggests that within just eight hours on inauguration day, Trump expanded the immense public and private powers of the presidency to previously unimaginable levels. While presidents have always been able to pardon, grant favors, or protect friends, family, and allies, no one has ever done so as broadly, as openly, and as quickly as he has, and the public seems unfazed by it.